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Here is information related to Wildhorse Co. for 2017. Here is information related to Wildhorse Co. for 2017 Total credit sales Accounts receivable at December
Here is information related to Wildhorse Co. for 2017.
Here is information related to Wildhorse Co. for 2017 Total credit sales Accounts receivable at December 31 Bad debts written off $1,547,000 773,500 35,200 (a) What amount of bad debt expense will Wildhorse Co. report if it uses the direct write-off method of accounting for bad debts? Bad debts expense (b Assume that Wildhorse Co decides to estimate its bad debt expense based on 4% of accounts receivable what amount of bad debt expense Accounts has a credit balance of $3,200? l the company record f Allowance for Doubt Bad debts expense (c) Assume the same facts as in (b), except that there is a $900 debit balance in Allowance for Doubtful Accounts. What amount of bad debt expense will Wildhorse Co. record? Bad debts expense
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